U.S. financial markets enjoyed a strong trading day on Tuesday. But how did media companies fare?
One radio broadcasting company saw its shares improve, while another suffered a dip. Which companies are involved?
Beasley Media Group shares fell 4.25% to $3.27, on slightly lighter than average volume of 45,320 shares. Normal trading volume for BBGI is 51,471 shares.
The dip makes August 12’s close of $3.48 the biggest for the last 30 days, while Beasley’s fall brings it closer to mid-July pricing that included a $3.07 close — a five-year low.
For Entercom Communications, a much-needed rebound came in the form of a 9% advancement from Monday’s close, finishing at $3.63.
Still, that’s significantly lower than where ETM has been for most of the last five years — for at any point prior to August 6, for that matter.
Volume was double the average on Tuesday, with 2.14 million shares traded; average volume is 1.34 million shares.
How did other media companies fare on Wall Street today? Visit the homepage of RBR.com for today’s closing prices and live prices across each business day.